How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Income Taxes Tend to Lag Major Market Turns by Up to a Year. State income tax growth typically lags stock market turning points by six to twelve months. Before past downturns, taxes have generally grown briskly, often due to the same stock market run-ups that preeceded the downturn.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - Income Taxes Tend to Lag Major Market Turns by Up to a Year. State income tax growth typically lags stock market turning points by six to twelve months. Before past downturns, taxes have generally grown briskly, often due to the same stock market run-ups that preeceded the downturn.
https://lao.ca.gov/LAOEconTax/article/Detail/852

Online sports wagering. [Ballot]

Oct 20, 2021 - Creates Division of Online Sports Betting Control (DOSBC). This measure creates DOSBC within DOJ, which would have the exclusive authority to regulate online sports wagering as well as to investigate illegal wagering activities (such as “match-fixing ”).
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

The 2021-22 Budget: School Mental Health

Feb 12, 2021 - As a result, existing partnerships are better positioned to apply for the matching funds. Number of Projects Likely to Receive Matching Funds Is Uncertain. Because the proposal requires CDE to match eligible projects dollar for dollar, a handful of large counties with high ‑cost projects could receive the matching grants and entirely exhaust all available funding.
https://lao.ca.gov/Publications/Report/4368

The 2025-26 California Spending Plan: Housing, Homelessness and Local Government

Oct 22, 2025 - The budget provides $2.4  million one-time General Fund for the Civil Right Department ’s California vs. Hate initiative. California vs. Hate is a non-emergency hotline and online portal that allows state residents to report hate crimes and hate incidents.
https://lao.ca.gov/Publications/Report/5082

Gaming. [Ballot]

Dec 18, 2023 - Specifically, such tribes must pay 25  percent of sports wagering revenue into the TSW-RSTF and up to 1 percent (subject to negotiations) into the CSWARF —a total of up to 26  percent.  This percent is applied to the amount of sports wagers made after deducting (1)  any wagers made with free bets or promotional credits (such as a wager made with
https://lao.ca.gov/BallotAnalysis/Initiative/2023-030

The 2022-23 Budget: In-Home Supportive Services

Feb 2, 2022 - In order to qualify for IHSS, a recipient must be aged, blind, or disabled and in most cases have income below the level necessary to qualify for the Supplemental Security Income/State Supplementary Payment cash assistance program (for example, about $1,040 a month for an aged and/or disabled ind ividual living independently in 2021 ‑22).
https://lao.ca.gov/Publications/Report/4512

Immunology and immunotherapy. [Ballot]

Dec 17, 2025 - The net fiscal impact of the ind irect effects of the measure is unknown at this time. Summary of Fiscal Effects. We estimate that the measure would have the following major, direct fiscal effect: Increased state costs of about $500 million annually for 25 years to repay the bonds.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-026

Updating the California Necessities Index

Aug 14, 2025 - Recent changes were made to the publication of statistics required to calculate the California Necessities Index, which is used to adjust certain benefit rates and cost-of-living adjustments. In this brief, we provide details on the changes and evaluate alternatives for the index that require only currently available data and conform to the original intent of the index.
https://lao.ca.gov/Publications/Report/5065

Updating the California Necessities Index [Publication Details]

Aug 14, 2025 - Recent changes were made to the publication of statistics required to calculate the California Necessities Index, which is used to adjust certain benefit rates and cost-of-living adjustments. In this brief, we provide details on the changes and evaluate alternatives for the index that require only currently available data and conform to the original intent of the index.
https://lao.ca.gov/Publications/Detail/5065